Form 990 for tax year 2023
Filed by INNOVATION CENTER FOR ENERGY AND SUSTAINABILITY.
Totals
- Total revenue
- $354,512
- Total expenses
- $470,561
- Contributions and grants received
- $345,552
- Grants paid
- $50,000
- Program service revenue
- $0
- Investment income
- $8,960
- Other revenue
- $0
- Total assets, end of year
- $330,361
- Total liabilities, end of year
- $161,028
- Net assets or fund balances, end of year
- $169,333
- Program services expenses (Part IX)
- $420,094
- Management and general expenses
- $50,467
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $420,094
Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$45,000
-
1f · All other contributions, gifts and grants
$300,552
-
3 · Investment income
total $2,448 · related or exempt $2,448
-
7a · Gross sales of assets other than inventory
securities $55,745
-
7b · Less cost or other basis and sales expenses
securities $49,233
-
7c · Gain or loss
securities $6,512
-
7d · Net gain or loss
total $6,512 · related or exempt $6,512
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $50,000 · program services $50,000
-
5 · Compensation of officers, directors and key employees
total $162,000 · program services $142,560 · management and general $19,440
-
9 · Other employee benefits
total $25,601 · program services $22,529 · management and general $3,072
-
10 · Payroll taxes
total $12,617 · program services $11,103 · management and general $1,514
-
11c · Fees: accounting
total $11,605 · program services $10,212 · management and general $1,393
-
11g · Fees: other
total $37,242 · program services $32,773 · management and general $4,469
-
13 · Office expenses
total $9,987 · program services $8,790 · management and general $1,197
-
14 · Information technology
total $5,056 · program services $4,449 · management and general $607
-
16 · Occupancy
total $42,557 · program services $37,450 · management and general $5,107
-
17 · Travel
total $20,205 · program services $17,780 · management and general $2,425
-
19 · Conferences, conventions and meetings
total $78,541 · program services $69,116 · management and general $9,425
-
20 · Interest
total $4,407 · program services $3,878 · management and general $529
-
22 · Depreciation, depletion and amortization
total $1,964 · program services $1,728 · management and general $236
-
23 · Insurance
total $1,764 · program services $1,552 · management and general $212
-
24a · Other expenses: REPAIR AND MAINTENANCE
total $7,015 · program services $6,174 · management and general $841
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,740 · end of year $85,082
-
2 · Savings and temporary cash investments
beginning of year $79,482 · end of year $12,610
-
4 · Accounts receivable
beginning of year $100,000 · end of year $100,000
-
7 · Other notes and loans receivable
beginning of year $100,000
-
10a · Land, buildings and equipment: cost or other basis
$23,414
-
10b · Land, buildings and equipment: accumulated depreciation
$22,161
-
10c · Land, buildings and equipment, net
beginning of year $3,220 · end of year $1,253
-
11 · Investments: publicly traded securities
beginning of year $80,304 · end of year $131,416
-
17 · Accounts payable and accrued expenses
beginning of year $10,262
-
24 · Unsecured notes and loans payable
beginning of year $146,715 · end of year $146,625
-
25 · Other liabilities
beginning of year $6,665 · end of year $14,403
-
27 · Net assets without donor restrictions
beginning of year $42,104 · end of year $69,333
-
28 · Net assets with donor restrictions
beginning of year $200,000 · end of year $100,000
Mission and programs · 2023
Mission
PROMOTE CLEAN ENERGY AND SUSTAINABLE TRANSPORTATION TO MITIGATE CLIMATE CHANGE AROUND THE WORLD.
-
TRANSPORTATION: ICET PROMOTES TRANSPORTATION ELECTRIFICATION POLICIES AND ZERO EMISSION VEHICLE IDEAS AROUND THE GLOBE TO ACHIEVE REAL INCREASES IN ELECTRIC VEHICLE SALES AND REDUCTIONS IN GREENHOUSE GAS EMISSIONS. THE SPECIFIC TASKS UNDER THIS PROGRAM ARE: 1. TRANSPORTATION ELECTRIFICATION ROADMAP DEVELOPMENT 2. VEHICLE FUEL CONSUMPTION STANDARDS AND POLICIES 3.ELECTRIC VEHICLE PROMOTION AND POLICY RESEARCH.
Expenses $312,401 · Grants $50,000 · Revenue $245,000
-
CLIMATE CHANGE: WITH SUPPORT FROM PHILANTHROPIC FOUNDATIONS AND MULTILATERAL AGENCIES, ICET IS WORKING WITH PARTNERS IN GOVERNMENTS AND BUSINESS TO DEVELOP AND PROMOTE ENERGY AND CARBON MANAGEMENT BEST PRACTICES TO REDUCE ENERGY USE AND GREENHOUSE GAS EMISSIONS FROM CORPORATIONS AS WELL AS LOCAL ECONOMIC DEVELOPMENT AREAS. ICET IS DEVELOPING A CLIMATE FINANCING MECHANISM TO REDUCE GHG EMISSIONS FROM COOLING SECTOR. THE GOAL OF THIS WORKING AREA IS TO PRODUCE RELIABLE,CONSISTENT AND VERIFIABLE PROGRESS AND INFORMATION ON ENERGY CONSUMPTION AND CARBON EMISSIONS ON THE CORPORATION AND LOCAL MUNICIPALITY LEVEL.
Expenses $70,207 · Revenue $65,552
-
CLEAN ENERGY: ICET PROMOTES U.S. CLEAN ENERGY AND ENVIRONMENTAL TECHNOLOGIES IN EMERGING MARKETS, AND PROVIDES SERVICES FOR US FIRMS TO SHOWCASE THEIR PRODUCTS & SERVICES IN ASIAN AND GREATER CHINA MARKETS IN ORDER TO INCREASE MARKET DEMAND AND SALES FOR US CLEAN TECH COMPANIES.
Expenses $37,486 · Revenue $35,000
As filed on the 2023 return.
Listed in Part VII
-
Feng AnFENG AN
DIRECTORPRESIDENT
- Total calculated
- $133,601
- From this org
- $108,000
- From related orgs
- $0
- Other
- $25,601
- Hours/week
- 40
-
Fu Qiang YangFU QIANG YANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robyn CampROBYN CAMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jim D BoydJIM D BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Kate BlumbergKATE BLUMBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
John DeciccoJOHN DECICCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jian GuoJIAN GUO
CFO
- Total calculated
- $0
- Hours/week
- 0
-
Lucia Green-WeiskelLUCIA GREEN-WEISKEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ICET-CHINA
501C3 · PUBLIC OUTREACH AND EDUCATION PROGRAM · CH
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
U S - CHINA CLEANTECH CENTER
C Corp · PROMOTE US CLEAN TECHNOLOGIES TO CHINESE MARKET · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401359349313035
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